<em><strong>FLOW prices reverse from the support trendline to form a double bottom pattern with a neckline at the overhead resistance of $2.15. </strong></em>

The FLOW prices restart the uptrend with a double bottom reversal from the $1.39 mark resulting in a 20% jump exceeding $1.50 to touch the neckline at $1.66. Furthermore, the triple white soldier pattern in the daily chart shows a promising recovery in FLOW market value that will continue in the coming week. However, the recovery rally faces opposition from the 50-day EMA, which may keep the bullish growth in check.
<h3>Key Points:</h3>
<ul>
 	<li>The FLOW price action showcases a double-bottom reversal.</li>
 	<li>The bullish reversal may shortly reach the psychological mark of $2.</li>
 	<li>The intraday <a href="https://www.cryptoknowmics.com/news/why-trading-volume-matters-in-crypto-investment/" target="_blank" rel="noopener">trading volume</a> in FLOW is $64.09 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/v/V5mBqf8m.png" alt="FLOW/USD Price Chart" width="2047" height="1006" />

Source - <a href="https://www.tradingview.com/x/V5mBqf8m/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>FLOW Technical Analysis</h2>
The FLOW price shows a long-coming support trend line in the daily chart cushioning multiple downfalls along the way. Recently the support trendline helped the market value contain the 45% fall during August, leading to a double bottom pattern.

The price action projects the possibility of an ascending triangle pattern with the overhead resistance of the $2.15 mark. Furthermore, the increased buying pressure supporting the bullish reversal increases the bulrush breakout possibility. However, the higher price rejection from the 50-day SMA close to the $2.15 mark reflects the possibility of a reversal within the ascending triangle.

The $2.15 mark also acts as the neckline of the double bottom pattern, which may lead to a jump to the $2.67 mark upon a bullish breakout.

Conversely, if the support and line fail to halt the correction phase, a downtrend to the $1.25 mark seems inevitable.
<h2>Technical Indicators</h2>
The daily-RSI slope shows no bearish divergence between the dips at the support trend line and exceeds the halfway line as it bounces from the 14-day SMA.

The MACD and signal lines display a bullish crossover as the buying pressure increases, restarting the positive trend in histograms.

Thus, the indicators maintain a bullish point of view for the upcoming trend in the FLOW prices and forecast a bullish breakout.

Resistance Levels - $2.15 and $2.5

Support Levels - $1.80 and $1.50

FLOW Technical Analysis: Will FLOW Prices Shoot Above $2.15?

According to the technical analysis, FLOW prices reverse from the support trendline to form a double bottom pattern at the overhead resistance of $2.15. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

FLOW Technical Analysis: Will FLOW Prices Shoot Above $2.15?

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